What Kind of Insurance Do I Need for a Plastic Manufacturing Business?
- Nate Jones, CPCU, ARM, CLCS, AU
- Nov 14
- 2 min read
Running a plastic manufacturing business involves significant investments in equipment, raw materials, and skilled labor. At Wexford Insurance, we understand that protecting these assets is critical for long-term success.
Manufacturing facilities face unique risks—such as machinery breakdown, fire hazards, and workplace injuries—that can lead to costly disruptions. The right insurance coverage ensures your business stays secure and operational.
Why Insurance Is Essential for Plastic Manufacturers
Plastic manufacturing involves high temperatures, chemicals, and heavy machinery. Without proper coverage, a single accident can result in financial loss, legal liability, or even business closure. Insurance provides peace of mind and compliance with industry standards.
Types of Insurance for Plastic Manufacturing Businesses
Protects against third-party claims for bodily injury, property damage, and legal expenses. This is essential for any manufacturing business.
Covers your building, machinery, and inventory against risks like fire, theft, and natural disasters. Given the high value of manufacturing equipment, this coverage is non-negotiable.
Required in most states, this policy covers medical expenses and lost wages for employees injured on the job. Plastic manufacturing environments often involve physical labor and machinery, making this coverage critical.
If your business uses vehicles for transporting raw materials or finished products, commercial auto insurance protects against accidents, damage, and liability.
Specialized coverage for expensive machinery like injection molding and extrusion equipment. This policy helps cover repair or replacement costs in case of breakdowns.
Additional Coverage Options
Business Interruption Insurance: Covers lost income during downtime caused by covered events.
Product Liability Insurance: Protects against claims related to defective products.
Final Thoughts
Insurance isn’t just a safety net—it’s a strategic investment for your plastic manufacturing business. At Wexford Insurance, we specialize in tailored insurance programs for manufacturers, ensuring your operations are protected from day one.
Contact us today.